OIL Forex Analysis for Today, Tuesday(09-07-2024)

OIL Forex Analysis for Today, Tuesday(09-07-2024)

OIL Forex Analysis for Today, Tuesday(09-07-2024)

Check the Opportunity to SELL OIL! Breaks Trendline!

CLSK Analysis

Beryl Storm Status Downgraded

Concerns about the impact of Storm Beryl eased as its status was downgraded to a category 1 tropical storm.

Trendline Break and ChoCh

The trendline seen in the H1 time frame has broken and followed by a swing low breakout, indicating a potential “change of character (ChoCh).” Selling opportunities can be sought again if there is a pullback to the resistance area.

Prediction: WEAK OIL

Resistance

  • R1 84.00
  • R2 83.00
  • R3 82.00
  • R4 81.00

Support

  • S1 82.93
  • S2 82.00
  • S3 81.50
  • S4 81.05
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Disclaimer: This publication of analysis is a form of marketing communication and does not represent any research or investment advice whatsoever. The content contained therein reflects the general views of our experts and is not related to the personal conditions, investment experiences, or financial situations of the readers. This analysis is also not intended to promote any independent investment body, and Exness is not obliged to prohibit any transactions before the release of the analysis. Readers should be cautious about the potential for losses that may occur. XM broker south africa is not responsible for any losses that may arise from the use of this analysis.


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